Dairy Ingredients Market Research Report Information by Product Type (Milk Powders, Milk Protein concentrate and milk protein Isolate, Whey Ingredients, Lactose, Others), by Form (Powder, Liquid), By Category (Organic, and Regular), By End Use (Commercial

Dairy Ingredients Market Research Report Information by Product Type (Milk Powders, Milk Protein concentrate and milk protein Isolate, Whey Ingredients, Lactose, Others), by Form (Powder, Liquid), By Category (Organic, and Regular), By End Use (Commercial, Residential), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, Others), By Application (Bakery and Confectionary, Food and Beverages, Infant milk formula, Others), By Region (North America, Europe, Asia Pacific, Rest of World) – Industry Forecast Till 2030

The Dairy Ingredients industry is anticipated to experience a compound annual growth rate (CAGR) of 7.70% during the forecast period. It is anticipated that the increasing awareness of the importance of sustaining a healthy lifestyle among individuals will have a positive impact on the increasing importance of nutritional enrichment in food and beverages over the next eight years. The market is expected to be significantly influenced by the increasing consumption of protein-fortified functional food products by vegetarians to meet their protein needs. Food and beverage companies, such as Kellogg, have introduced new products in response to the growing demand for protein supplements in food items. This is anticipated to further increase the demand for whey and milk powder.

The global dairy ingredients market is experiencing growth due to the increasing demand for nutritious and practical food products among consumers. Dairy components are profuse in essential nutrients such as proteins, vitamins, minerals, and amino acids. These substances are used in the production of a variety of culinary products, such as infant formula, baked goods, confectionary, sports nutrition, and dietary supplements. As the emphasis on health and wellness continues to rise, consumers are seeking culinary products that provide additional nutritional benefits. Dairy ingredients satisfy this requirement by enhancing the nutritional profile and practical qualities of a variety of foods. The global demand for dairy ingredients has surged because of the increasing preference of consumers for nutritious and functional food products.

Market segment insights
The Dairy Ingredients Market segmentation is based on product type and includes Milk granules, Milk Protein Concentrate and Milk Protein Isolate, Whey Ingredients, Lactose, and others. Based on form, the market segmentation comprises powder and liquid. Organic and Regular comprise the market segmentation, which is determined by category.

The Dairy Ingredients Market segmentation is based on End Use and includes Commercial and Residential. The market segmentation is based on the distribution channel and includes Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others. Food and Beverages, Bakery and Confectionary, Infant Milk Formula, and Others comprise the market segmentation by application.

Regional Perspectives
In 2020, the Asia Pacific segment held the largest market share, with a market value of USD 18,756.1 million. It is anticipated to experience a compound annual growth rate (CAGR) of 9.1% during the forecast period. The dairy industry in this region is significantly influenced by the increasing awareness of health and wellness, accelerated urbanization, and an increase in disposable income. The Asia-Pacific region is home to the world's largest consumption base of dairy products.

It is anticipated that the North American dairy ingredients market will experience a substantial compound annual growth rate (CAGR) from 2022 to 2028. The dairy ingredients market in North America has experienced development due to the growing athlete population and the increased awareness of health and diet among young people. The industry has been positively impacted by the integration of technology and new features by vendors. In North America, the demand for dairy products is not limited to food and beverages; it also extends to animal feed, pharmaceuticals and nutraceuticals, and personal care. Additionally, there has been a rise in the production of whole milk powder to meet the demand of global export customers.

Major Players
FrieslandCampina N.V. (Netherlands), Arla Foods (Denmark), Glanbia Plc (Ireland), Fonterra Co-operative Group Limited (New Zealand), Kerry Group plc (Ireland), Dairy Farmers of America Inc. (United States), Groupe Lactalis (France), Co-Operative Limited (Ireland), Saputo Inc. (Canada), Volac International Ltd. (the United Kingdom), Nestle (Switzerland), and Danone S.A. (France) are among the key companies in the Dairy Ingredients Market.